Elo Mutual Pension Insurance Co Decreases Stake in The Sherwin-Williams Company (NYSE:SHW)

Elo Mutual Pension Insurance Co decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 4.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,869 shares of the specialty chemicals company’s stock after selling 1,030 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Sherwin-Williams were worth $7,434,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SHW. Principal Financial Group Inc. grew its position in shares of Sherwin-Williams by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company’s stock worth $399,675,000 after buying an additional 10,709 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in Sherwin-Williams by 9.0% in the third quarter. Kingsview Wealth Management LLC now owns 960 shares of the specialty chemicals company’s stock worth $366,000 after acquiring an additional 79 shares during the period. D.A. Davidson & CO. boosted its holdings in Sherwin-Williams by 0.4% in the third quarter. D.A. Davidson & CO. now owns 7,428 shares of the specialty chemicals company’s stock valued at $2,835,000 after acquiring an additional 31 shares in the last quarter. Cadence Bank raised its holdings in Sherwin-Williams by 21.1% in the 3rd quarter. Cadence Bank now owns 917 shares of the specialty chemicals company’s stock worth $350,000 after purchasing an additional 160 shares in the last quarter. Finally, Townsquare Capital LLC lifted its position in shares of Sherwin-Williams by 26.3% in the 3rd quarter. Townsquare Capital LLC now owns 21,342 shares of the specialty chemicals company’s stock worth $8,145,000 after purchasing an additional 4,444 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $345.45 on Friday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The firm has a market cap of $86.88 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The business has a 50-day simple moving average of $353.87 and a two-hundred day simple moving average of $364.08. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter in the previous year, the business earned $1.81 earnings per share. On average, analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.79 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) is 29.95%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Citigroup reiterated a “buy” rating and set a $423.00 price target (up previously from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Royal Bank of Canada lowered their target price on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and upped their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Mizuho cut their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $401.13.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, the insider now directly owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.